Well I really want to enter short because that's the way the EUR/USD pair seems to be heading at the moment; and I didn't really want to get out of my short position when I did either. But the system says I had to. Sentiment still isn't clear so I'm ...

Experiment - Trading Market Sentiment

Thanks fosking, Still not jumped back in. Waiting for OandA open positions ratio to confirm and a decent point to jump in at... I'll post as soon as I re-enter.

Experiment - Trading Market Sentiment

Hi Mr. D, The Forex Factory sentiment trading thread is here url I am primarily a trend follower and know more about trend following than I do about sentiment; but I'm trying to learn more about sentiment.

Trend Trading

A quality post for sure. Thanks for you input. In regards to most retail traders losing it's amazing how consistent most of them are isn't it. They seem to have this uncanny ability (as a group) to pick the tops and bottoms and do exactly the wrong ...

Experiment - Trading Market Sentiment

Yeah me too. Once I get another clear picture I'm entering in that direction. For me the purpose of this thread is to learn more about trading using market sentiment. If I lose money doing it then so be it, but I have to find out for myself what ...

Experiment - Trading Market Sentiment

Right, the market is at 1.3718 right now but OandA has 50.84% of traders short so I'm closing for a 91 pip profit, not a loss but hardly a great trade. I suspect the market will go lower but I'm trying to follow OandA's open positions ratio so I ...

Experiment - Trading Market Sentiment

Do you agree on only doing it on large time frames too?

Let's talk Donchian Breakouts

I love Donchian breakouts, but I modify them slightly to say when it closes higher or lower than it has ever closed in X number of days instead of moves higher or lower. But the time frames the original turtles used don't work to well these days. ...

Let's talk Donchian Breakouts

All good mechanical systems will have large draw downs; you can't trade such a crude system and not suffer large draw downs.

100% mechanical trading systems

I made test if they're any use to you, all 100% free, no ads no fees, nothing withheld either url

100% mechanical trading systems

Well it's been quite a good day today with the market closing (closing being 8pm UK time) at around 1.3655 so that's the trade about 150 pips in profit so far But this is mostly just down to luck; it's impossible to pick exact tops and bottoms as ...

Experiment - Trading Market Sentiment

Well you might very well be right, nevertheless I want to try it live with real money (albeit not very much money) on this thread for a while. To have a lasting log of the results and others thoughts as I go along if not for anything else. I took a ...

Experiment - Trading Market Sentiment

OandA's open positions ratio is now at about 50/50 on the EUR/USD. If it's over 50/50 tomorrow with more shorts than longs I'll close my short position and go long. That's a big if though...

Experiment - Trading Market Sentiment

Thanks for that folks. I'll try and update this thread around 8pm UK time with how it's gone each day. If the market sentiment changes I'll reverse my position - hopefully the results of trading this way posted live will produce something useful for ...

Experiment - Trading Market Sentiment

Hi Mr D, Hope the trip was good? Anyways, yeah, I'm thinking of taking a short EUR/USD trade based on sentiment. There are three signals I use for taking trades and four for exiting. For entering - 1. A higher close than has been seen in at least ...

Trend Trading

Well, trader sentiment has now shifted so I'm out; if the sentiment continues to be retail traders net long on the EUR/USD I might short the pair next week to hopefully examine trading using sentiment. Should probably be on the interactive trading ...

Trend Trading

Hi soso, I was going to post now that the pair has started moving again and there might be something worth writing. I stayed long the 2nd time as I never got the big red weekly candle to close, or the lack of direction for a round 2 and a half ...

Trend Trading

Right that's me in at 1.4081. Cost me 168 pips X the two lots I had built up using pyramiding. If I had only stuck to the rules I'd have gained another 168 pips for both the positions.

Trend Trading

Well it seems to be holding up pretty well above 1.40 and the GBP/USD is managing to stay above 1.60. I will probably go long one lot EUR/USD if it closes above 1.40 when I home from work providing the long short ratio is OK. Sorry you got out ...

Trend Trading